NUPENG wants full passage of Petroleum Industry Bill
The Nigeria Union of Petroleum and Natural Gas Workers says it is worried about the delay in the passage of the remaining parts of the Petroleum Industry Bill and has called on the National Assembly to see to its passage without further delay.
The National President, NUPENG, Williams Akporeha, said on Friday that the delay in passing the other components of the bill, namely the fiscal framework; host communities issues; and the Petroleum Industry Administration Bill, gives cause for concern.
According to him, the nation has lost billions of naira in foreign investments, which would have come into the oil and gas industry, “but for the uncertainties and prolonged delay in the passage of the bill into law.”
“NUPENG believes that the passage of the PIB will go a long way to ensure transparency and honesty in the oil and gas industry,” Akporeha stated.
He said the passage of the remaining three components of the PIB would restore investors’ confidence and generate employment opportunities, both direct and indirect, and reduce the tension in the Niger Delta region.
“The union wants the National Assembly to treat all labour related issues that may arise as a result of the unbundling (of the oil industry) in good stead in order to save the nation from unnecessary industrial crisis,” he added.
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